Why I keep losing in gambling, even after years of experience

[HelliumZ]

I cannot win at gambling if I only have experience. Gambling does not depend only on experience but also on luck. Many times we use our long experience to get promotions in the job field and our status increases but in the case of gambling, no matter how long you have experience, that experience will not give you any results. Rather, if you have good luck, you can get profit, if your luck is not in your favor, you will face losses.
I have a long experience of watching cricket and I have won many matches by using my experience but two days ago in this T20 World Cup match between South Africa and India I had bet on India as the winning team but this experience of mine did not give me results rather I lost my bet that day. So even though experience works sometimes you may not get the right result in gambling.

[Pandorak]

• Target profit, how much I want to win
• Amount per stake
• Maximum loss before I stop

Personally, i don't have any specific rules like this. I gamble based solely on instinct, whether it's increasing my bet or stopping with a profit/loss. The only thing i set is a gambling budget that i prepare in advance.

Once I start winning, I get greedy and increase my bets.
Once I start losing, I try to chase and recover.
In the end, both usually lead to losing more.

The points you raised are very relevant, in line with the causes of defeat often experienced by gamblers. It must be acknowledged that it is difficult to resist greed and ingratitude towards the profits earned. I have met many gamblers, and on average, their destruction is triggered by this.